SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 ANNE A. LAING Chartered Accountants ELGIN SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 Contents Pagg Company Information Statement of Directors, Responsibilities Directors, Report 3104 Independent Examiner's Report Slatemenl of Financial Activities Balance Sheet Notes lo the Accounts 8109 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP scorrisH CHARITY NUMBER SCO52381 COMPANY REGISTRATION NUMBER SC740915 Com an Informatlon Registered name SPEYMOUTH ENVIRONMENTAL PARTNERSHIP Charlty Number SCOS2381 Company Reglstratlon Number SC740915 Dlrectors and Trustees James Alexanller Mackie Alexander Anderson Morton lain Cattanach Thomas Robertson Callanach Tobias Sebastian Baltmasar Christie Crinan James Dunbar Angus John Fettes lain Green Alexander John Henderson David Gordon Maekay Paul MacPherson Scott Robert Morrison {from 17 May 20251 resigned 25 October 2025 Company Secretary James Alexander Mackie Independent Examlner Accountants Roy J. Laing MA4T, (partner in the firm ofj Anne A. Laing, Chartered Accountants Lavona Calcots Elgin Moray IV30 8NB Reglstered Office Mo DhachaSdh South Road Garmouth Moray IV32 7LX Charlty Contact Address Mo Dhachaidh Soulh Road Garmoulh Moray IV32 7LX Page 1 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SCO52381 COMPANY REGISTRATION NUMBER SC740915 STATEMENT OF DIRECTORS. RESPONSIBILITIES FOR THE YEAR ENDED 31ST AUGUST 2025 Statement of Dlrectors. Responsibilities The Directors (who are also Iruslees of Speymouth Environmental Partnership) are ￿SpOnsible for preparing the Directors, report and the financial statements in accordance with the United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice) and applicable law and Tegulalions. The financial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005, the the Charities Accounts IScotland} Regulations 2006 las amended), the Companies A¢t 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS 1021. In preparing these financial statements the offi'cials are required lo.. select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., P￿pare the Financial Statements on the going concem basis. unless It is inappropriate lo presume that the Company wll ¢onlinue in business. The Directors are responsible for keeping proper accounting records which disclose with Teasonable accuracy, al any lime, the financial position of the Company and lo enable them lo ensure that the Financial Statements comply with section 221 of the Companies Act 2006. They are also responsible for safe-guarding the assets of the Company and hence for18king reasonable steps for the prevention and detection of fraud and other irregularities. Page 2 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 DIRECTORS. ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 Actlvltles and Performance During the financial year lo 31 August, 2025, the Company carried out ils objectives as slated in the Articles of Association and in its Registration with OSCR. The objectives for which the Partnership is established are for the benefit of the local communities living and working within the area of the Speymoulh and Bellie Parishes and the public generally to promote the wise and sustainable use and conservation of the resources of the River Spey and (where it has an imp8cI on the foregoing) the land surrounding the River Spey and the Spey Bay coast line. {For the purposes of Article 3 (Objectsl, There were changes in directors during the year -Scoll Robert Morrison was appointed from 17th May 2025 and Alexander John Henderson resigned on 25th October 2025,1 this was after the year end bul before the financial slalemenls are signed offl The Partnership continues to gather scientific evidence to promote and prove its objectives while trying lo source more funding for the carrying out of the objectives, which are to put Soft engineeiing works in place on the River Spey at Garmouth lo reduce the impact of flooding. Directors and Trust¢o$ James Alexander Mackie Alexander Anderson Morton lain Callanach Thomas Robertson Cattanaoh Tobias Sebastian Ballmasar Christie Crinan James Dunbar Angus John Felles lain Green Alexander John Henderson (resigned 25 October 20251 David Gordon Mackay Paul M8cPherson Scotl Robert Morrison {from 17 May 20251 Page 3 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 DIRECTORS. ANNUAL REPORT CONTINUED FOR THE YEAR ENDED 31ST AUGUST 2025 Goveming Document The charity is inwrporaled and is governed by ils conslitulion. Charltable Purpos8 Objects 3.111 The oblecls for which the Partnership is established are for the benefit of the looal communities living and working within the area ol the Speymoulh and Bellie Parishes and the pubic generally lo promote the wis& and sustainable use and conservation of the resources of the River Spey and (where it has an impact on the loregoingl the land surrounding the River Spey gnd the Spey Bay co8sI line. IFor the purposes of Article 3 Iobjeclsl The River Spey shall include the course il occupies al anytime between the A96 road bridge al F(￿ha￿erS lo the sea and the Spey Bay will include the coast lin& from the mouth of the Tynnel Burn in the east lo the Boar's or Bear's Head in the wesl and the land on which il will impact Ihereinafler callecl the Principal Objectivel 3.2 (Wilhoul prejudice lo the foregoing generality) lo.. li) Improve the communication and exchange of information relating lo the Principal Oblecllves by bringing together represenlalives or organisalions with an interest in the Principle Objectivè,. lill promote the development and implementation of a management strategy (or management recommendalionsl that wll identify and assess issues and opporlunilies and reconcile any problems in the achievement of the Principal Objeclivel; liiil collect and disse￿Inate infoimalion on all mallers relevant lo the work ol the PaTlnership in relation to Principal. Objective or sny other objectives of the Trust.. liv} promote encourage and lead joint Inilialives amongst the members of the Partnership and other persons and organi8alions with an interest in the Principal Objectives,. Iv) PTomole education lo extend awareness and understanding of issues related lo the Principal Objectives,, Ivil ordinate. monitor and review progres8 01 work initiated by the Partner Partnership ship in furtherance of the Objects,. and Iviil co-creale links with national and inlernali)nal estuarine groups lo promote the Principal ObjÉ¢lives and good practice and inlegraled action generalty. Flnanclal Revlew The Company h88 raised total income for the year ol £950 {2024 £6.6161. Expenditure lor the year amounted to £60312024 £6,536) giving a surplus of £347 transferred lo reseryes. Reserves policy The Balance Sheet shows unreslriGled funds of £437 at the year end. The charity only spends on projects which are grant relaled. Approved by the Board and signed on their behalf by CR JAMES DUNBAR AM S ALEXANOER or ACKIE lor Date .' 27 May 2026 Page 4 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 Independent Examlner's Report to the Trustees of Speymouth Envlronmental Partnershlp I report on the accounts of the charity for the year ended 31 sl Au9usI 2025 which are set out on pages 6 to 9. RESPECTIVE RESPONSIBILITIES OF DIRECTORS WHO ARE ALSO THE TRUSTEESAND INDEPENDENT EXAMINER The charitable company's directors are responsible for the preparallon of the accounts in accordance with the tem)s of the Charities and Trustees Investment {Scollandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended) and the Companies Act 2006, th8 Memorandum and Article5 of Association, and Accounting and Reporting by Charities.. statement of Recommended Practice applicable to charities preparing their accounts in accoldance with the Financial Reporting Standard, applicable in the UK IFRS102}. The charitable company'5 directors consider that the audit requirement of Regulation 10 {11 lal lo Icl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44111 (cl of the Act and lo slate whether particular matters have come lo my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iseolland) Regulations 200S (as amended). An examination includes a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records.11 also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the directOTS concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and Consequently I do not express an audit opinion on the view given by the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination, no matter has come lo my attention.. 11} which gives me reasonable cause to believe that in any malefial respect the requirements lo keep aceounling records in accordance with Section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 12} lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Roy J Laing MAAT, {partner in the firm ofj Anne A. Lalng, Chartered Accountants Lavona, Calcots, ELGIN, Moray IV30 8NB Dale.. 27th May 2026 Page 5 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025 INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT STATEMENT OF FINANCIAL ACTIVITIES UNRESTRICTED RESTRICTED FUNDS FUNDS 2025 2025 TOTAL FUNDS 2025 TOTAL FUNDS 2024 INCOME Donations and Legacies Charitable Activities Total Income and endowmgnts Note 3 Noto 4 200 750 950 200 750 950 1,616 5.000 6,616 EXPENDITURE Charitable Activities Total expendlture Note 5 603 603 603 603 6,536 6,536 Net incomellexpendlturel Transfers Net movement In funds 347 347 80 347 347 80 ReconcilTation of Funds Total funds brought foNard Total funds carrled forward 90 437 90 437 10 90 Page 6 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 BALANCE SHEET AS AT 31ST AUGUST 2025 2025 2024 Current Assets Bank and cash in hand Debtors Note 6 Note 7 1,037 90 300 390 1,037 Current Llabllities Creditors and Accfuals Note 8 600 300 Ngt Currènt Assets 437 90 Reservgs Restricted funds Unreslricled funds Note 9 Note 10 437 437 90 90 The Directors confirm that for the year ended August 31512025 the Company was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. 2 confirm that the members have not required the Company to obtain an audit of ils accounts for the year in question in accordance with section 476 of the Companies Act 2006, 3 acknowledge their responsibility for.. lal ensuring that the company keeps accounting records which compty wlh section 386., 2nd Ib) preparing accounts which give a true and fair view of the slate of affairs of the Company as at the end of the financial year and of ils profit for the financial year in accordance with the requirements of seelions 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating lo accounts. so far as applicable to the Company. These fi'nancial statements have been prepared in accordance with the special provision$ relating to companies subject lo the small companies regime within Part 15 of the Companies Act 2006. The flnoncial slalements on pages 6 to 9 were approved b the Boaid of Diiectors on 27th May 026 and signed on ils behalf by CRI AN JAMES DUNBAR JAMES ALE NDER MACKIE Page 7 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AiIGUST 2025 1 General Informatlon The company is a charity and limited by guarantee. It is registered and incorporated in Scotland. The registered office and charity registered 8ddress is.. Mo Dhachaidh, South Road, Garmouth. IV32 7LX 2 Summary of SignifiG?nt A¢¢ounting Policle$ Basis of Accounting The Accounts are presented in Sterling £ and have been prepared on the historical cost basis of of accounting and in accordan￿ with the Charities Accounts (Scollandl Regulations, the Companies Act 2006, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing IheiT accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS1021. Incoming resources All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled lo the income after any performance conditions have been mel. The amount Can be measured reliably and it is probable that the income will be received. All incoming resources are slated in the financial statements at their gross value. Donations or legacies.. income received by way of grant or donations is included when receivable. Where entitlement is Gondilional on the delivery of a specific performance by the ch8ri18ble company the income is only recognised when the entitlement lo the grant becomes unconditional. Resources expondod Expenditure is recognised once there is a legal or Constructive obligation to make a payment to a third party, il is probable that selllemenl will be required and the amount of the obligation can be measured reliably. Expendi(ure is Classified under the following headings.. Charltable actlvlties.. are those costs incurred by the charitable company in the dèlivery of its activities and services. 11 includes both costs that can be allocated directly lo those activities and costs of a necessarily indirect nature to supwrt delivery. This includes governance expenditure which ale those costs associated with meeting the constitutional and statutory requirements of the charitable company, and include the fees of the independent examiner and all management costs. Going concern The financial slalements have been prepared on a going concern basis, which the directors believe to be appropriate lor the reasons set out in the Directors, Report. Financial instrumgnts A financial asset or a financial liability is recognised only when the charity becomes a party lo the conlraclual provisions of the instrument. Basic financial instruments are inilially recognised at the amount receivable or payable including and related transaction costs. Current assets and current liabilities are subsequently measured in cash or other considerab'on expected lo be paid or reeeived and not discounted. Judgements There are no significant judgements and estimates. Page 8 SPEYMOUTH ENVIRONMENTAL PARTNERSHIP SCOTTISH CHARITY NUMBER SC052381 COMPANY REGISTRATION NUMBER SC740915 NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST AUGUST 2025 2025 202S 2025 UNRESTRICTED RESTRICTED TOTAL 2024 TOTAL Donations and Legacles Donations Total Donatlons and Legacles 200 200 200 200 1,616 1,616 Total Charltable Actlv5tles Grants received Total Income and endowments 750 950 750 950 5,000 6,616 Char•tablo A¢tlvltles Survey Professional fees Bank charges Promotional materials Total Resources Expended 6,000 300 600 600 236 6,536 603 603 2025 2024 Bank Balances 1,037 90 Debtors Amount requlred to cover independent examinallon fee 300 Creditors and Accruals 600 300 Restrictgd Funds Balance at 0110912024 Incomlng Outgolng Transfers Balance at resources resources 3110812025 Grants received none 10. Unre8trict¢d Funds Balanc¢ at 0110912024 Incomlng resources Outgoing Transfers Balance at resources 3110812025 General Funds- for general use No remuneiation was paid to directors during the year12024 none) and there were no employees. The Gompany considers its key management personnel comprises of the Directors. Resgrvos All reserves are for charitable use. 90 950 16031 437 11. 12. Company Ilmlted by guarantee The company is limited by guarantee and does not have share capital. 13. Taxation The Company is approved as a Charity by HMRC and there Is no liability lo Coiporalion Tax, accordingly. Page 9